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  • 5 factors that led to a rise of corporate profit to GDP ratio to a 10-year high Jun 01, 2021 07:56 PM IST

    5 factors that led to a rise of corporate profit to GDP ratio to a 10-year high

    The share of corporate profit in India’s gross domestic product (GDP) hit a 10-year high of 2.69% in the last financial year.

  • NMDC slashes iron ore prices by Rs 50 per tonne Mar 17, 2020 08:25 AM IST

    NMDC slashes iron ore prices by Rs 50 per tonne

    The price of iron ore fines, which are inferior grade ore, has also been reduced by Rs 50 to Rs 2,860 per tonne.

  • Scientists discover new mineral that has never been found in nature before Dec 27, 2019 06:36 PM IST

    Scientists discover new mineral that has never been found in nature before

    The discovery of this mineral is crucial as it wasn’t known to mankind until now that this form of iron carbide mineral can occur in nature.

  • Goa govt will help those dependent on mining: CM on SC ruling Feb 14, 2018 06:39 PM IST

    Goa govt will help those dependent on mining: CM on SC ruling

    CM Manohar Parrikar said the SC ruling does not have any financial implications on Goa as the revenue earned by the state from the mining industry is a small amount.

  • India's iron ore output likely to grow 28% to 200 MT in FY17 Apr 06, 2017 05:32 PM IST

    India's iron ore output likely to grow 28% to 200 MT in FY17

    Mines Secretary Arun Kumar said the government can bag Rs 1 lakh crore from non-coal mineral block auctions in Goa, Odisha and Karnataka in FY18.

  • Japan steel industry fears protectionism from Trump Jan 20, 2017 01:30 PM IST

    Japan steel industry fears protectionism from Trump

    Shindo is also president of Nippon Steel & Sumitomo Metal Corp, Japan's biggest steelmaker.

  • Japan drags India to WTO against steps on iron, steel imports Dec 23, 2016 05:43 PM IST

    Japan drags India to WTO against steps on iron, steel imports

    "On December 20, Japan notified the WTO Secretariat that it had requested dispute consultations with India in the dispute 'IndiaCertain Measures on Imports of Iron and Steel Products'," the WTO has said.

  • Mahindra & Mahindra arm forms JV with state-run MSTC Dec 17, 2016 03:16 PM IST

    Mahindra & Mahindra arm forms JV with state-run MSTC

    Mahindra & Mahindra today said one of its arms has formed a joint venture with state-owned MSTC for scrapping of old automobiles and other white goods.

  • Govt not to raise import duty further on steel products Dec 02, 2016 03:52 PM IST

    Govt not to raise import duty further on steel products

    The government has received representations from the steel industry to increase the import duty, he said.

  • A trip for your man - don't paint it pink! Nov 03, 2016 03:24 PM IST

    A trip for your man - don't paint it pink!

    Men may be not from Mars but they are definitely not from Venus, so make sure their trips are planned with some insight.

  • Govt retains MIP only on 66 steel products till October 4 Aug 04, 2016 11:25 PM IST

    Govt retains MIP only on 66 steel products till October 4

    The Directorate General of Foreign Trade (DGFT) has extended minimum import price (MIP) on 66 products of iron and steel till October 4 2016, reports CNBC-TV18.

  • Vedanta up 4% on CLSA upgrade, debt may reduce by half in FY19 Jun 10, 2016 08:30 AM IST

    Vedanta up 4% on CLSA upgrade, debt may reduce by half in FY19

    CLSA believes that Vedanta‘s capex is set to remain low, which together with higher operating cash flows will drive strong free cash generation and meaningful deleveraging over FY17-19. It sees Vedanta‘s consolidated net debt to halve from USD 4.5 billion in FY16 to USD 2.1 billion by FY19.

  • Metal prices haven't seen a bottom yet: Societe Generale May 05, 2016 05:09 PM IST

    Metal prices haven't seen a bottom yet: Societe Generale

    There could be more declines on a longer-term basis. Copper and aluminium are over supplied and there should be production cuts, said Robin Bhar, Head of Metals Research, Global Markets, Societe Generale.

  • Harley-Davidson hikes prices of select models by Rs 30,000 Mar 14, 2016 01:22 PM IST

    Harley-Davidson hikes prices of select models by Rs 30,000

    The price increase will be applicable on Street 750, Sportster family and Softail range of bikes in India, Harley- Davidson India said in a statement.

  • China steelmaker to cut up to 50,000 jobs Mar 11, 2016 12:42 PM IST

    China steelmaker to cut up to 50,000 jobs

    The comments by Ma Guoqiang, the head of state-owned group Wuhan Iron and Steel, are a stark illustration of the challenges facing Beijing as it seeks to retool the economy while avoiding social unrest - anathema to the leadership.

  • Metals shine: NMDC, Hindalco up 6-11% on iron ore price surge Mar 08, 2016 12:32 PM IST

    Metals shine: NMDC, Hindalco up 6-11% on iron ore price surge

    The rally followed losses of around 70 percent in the past three years as iron ore was hit by a global glut and weaker Chinese steel demand.

  • Low iron ore, steel prices to continue in 2016: ArcelorMittal Feb 23, 2016 03:50 PM IST

    Low iron ore, steel prices to continue in 2016: ArcelorMittal

    Billionaire Lakshmi Mittal-led firm reported a net loss of USD 7.9 billion in 2015 mostly because of a USD 4.8 billion writedown on iron ore mining business and a USD 1.3 billion charge on inventory due to the global steel price plunge.

  • Mines ministry wants 10% export duty on Goan iron ore to go Feb 17, 2016 07:46 PM IST

    Mines ministry wants 10% export duty on Goan iron ore to go

    Last month, Goa's mining industry body GMOEA wrote to the Prime Minister's Office, seeking to remove 10 percent export duty on iron ore fines with Fe content below 58 percent and 30 percent export duty on iron ore lumps irrespective of the grade.

  • Pollution control board keeping an eye on 44 industries Dec 09, 2015 12:53 PM IST

    Pollution control board keeping an eye on 44 industries

    The list of 44 most polluting industries include those from the leather industry, iron and steel, paper and jute.

  • Govt enhances duty drawback rates to boost exports Nov 16, 2015 10:18 PM IST

    Govt enhances duty drawback rates to boost exports

    The central government has notified the Schedule of revised All Industry Rates of Duty Drawback effective from November 23, 2015, the Finance Ministry said. Duty drawback is refund of duties on imported inputs for export items

  • JSW Steel Q2 net loss seen at Rs 150 cr on steel demand Oct 20, 2015 06:00 PM IST

    JSW Steel Q2 net loss seen at Rs 150 cr on steel demand

    Weak domestic steel demand and higher steel imports are likely to drag JSW Steel's July-September quarter results. The company is expected to report net loss at Rs 150 crore in Q2FY16 from a net profit of Rs 750 crore in corresponding quarter last fiscal, according to a CNBC-TV18 poll.

  • Federal Bank Q1 shows steel loans a ticking bomb for banks Jul 20, 2015 01:17 PM IST

    Federal Bank Q1 shows steel loans a ticking bomb for banks

    Indian banks have a total loan exposure of Rs 2.77 lakh crore to the steel sector. Of this, eight projects account for 54 percent of the loan book, and all the eight projects are grappling with cost overruns

  • Oil prices rise on China stocks rebound, Greek deal hopes Jul 10, 2015 10:49 AM IST

    Oil prices rise on China stocks rebound, Greek deal hopes

    In China, the CSI300 stock index was up more than 5 percent by 0421 GMT, extending gains from the previous session after the government launched measures to halt a 30 percent fall in prices since June.

  • Goldman Sachs downgrades SAIL, cautious on steel companies Feb 09, 2015 12:11 PM IST

    Goldman Sachs downgrades SAIL, cautious on steel companies

    Shares of SAIL fell 3 percent while JSW Steel also slipped 4 percent intraday on Monday. Goldman Sachs has downgraded JSW to neutral.

  • Govt mulls linkage for captive power for steel, iron Dec 10, 2014 04:00 PM IST

    Govt mulls linkage for captive power for steel, iron

    Sources tell CNBC-TV18 that the government is mulling linkage for captive power for steel, cement and iron sector. The government will be putting out a norm in the bid document for the upcoming coal block auctions.

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